Austria — Property: Foreign Ownership

Why this matters

Relocating individuals considering property ownership in Austria should be aware of these regulations to avoid potential complications and ensure a smooth transaction.

Key facts

• EU and EEA nationals are equated with Austrian nationals and exempt from the authorisation requirement.
• Third-country nationals generally need authorisation, granted if there is a cultural, social or economic interest and national political interests are not prejudiced; some third countries are exempt by bilateral agreements.
• Each of the nine states has its own Foreign Nationals Property Acquisition Act, so rules and requirements differ; agricultural and forestry land and restricted municipalities can need approval.
• The listed administrative charge for authorisation is EUR 76.30 per applicant on a dated page; contact the relevant property transfer authority first.

Steps

1. Step 1: Determine Eligibility — Non-EU citizens must apply for a permit at the Austrian Embassy or Consulate in their home country before pursuing property acquisition.
2. Step 2: Meet Permit Requirements — The permit application requires documentation, such as proof of income, employment, and sufficient funds for property purchase.
3. Step 3: Property Purchase — After obtaining the permit, EU citizens can proceed with buying property, while non-EU citizens must finalize their permit before making the purchase.
4. Step 4: Property Registration and Tax Declaration — Foreign property owners must register their property with the local authorities and declare their ownership to the tax authorities within the specified timeframe.